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Governance
The Mute Switch comes prefabbed with a built in LP governance & delegation system. This allows for complex protocols to be built on-top of the Mute Switch protocol, but also allows for dynamic fees within any LP pool. Each LP pool has a LP fee set upon pair creation. These fees can range from 0.1%-10%, depending on what the LP provider wants to set as the creator of the pool. Only one fee can be set at a time, meaning all LPs will be participating within that fee range. The LP governance system allows for the fee of the pool to be changed based on an account that controls more than 50% of the pool votes. Votes are directly correlated to the LP token supply balances. However, a LP provider may choose to delegate their 'votes' to another provider, allowing parties to lobby for delegates, thus increasing their pool weight. Mute has opted for this design, instead of a multi fee pool type for numerous reasons; the major one being that the pool with the deepest liquidity will always be traded on in comparison to its counterparts (pools with lower fees & lower liquidity). Thus, it is better to concentrate liquidity within one pool, and allow a governance system that allows for dynamic fees.
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